MASSDEVICE ON CALL — The FDA released a spate of new guidances in the 1st half of 2014, several with important implications for medical device and digital health companies.
Law360.com picked out some of the highlights from the year, including measures that affect how healthcare companies can communicate over social media and new rules that relax oversight of healthcare data systems and clinical decision software.
California-based Proteus Digital Health closed a Series G funding round this week with more than $172 million pledged in support of the company’s ingestible sensor-laden pills.
Vermont medical imaging services provider DICOM Grid today announced that it raised $6 million in an inside funding round, with investment coming from Canaan Partners, CHL Medical Partners, the Mayo Clinic and several individual investors.
Digital health is all the rage in Silicon Valley, especially as consumer technology’s biggest players are getting more interested in tracking health and fitness. But for companies like iRhythm, the health side of the equation comes first.
MASSDEVICE ON CALL — Digital health startups in the 1st 7 months of 2014 have already raised more than they did in all of 2013 combined, according to a report from Rock Health.
Health and fitness tech companies have raised $2.3 billion so far this year, compared to $1.97 billion in 2013, a 12-month record at the time. Individual deal sizes also grew 56% to $15.6 million for the 143 companies included in the report.
MASSDEVICE ON CALL — Wearable health and fitness trackers are set to boom over the next 5 years, with an estimated 700 devices to ship worldwide, according to a report from ON World.
The study, based on interviews with consumers, manufacturers, developers and suppliers, suggests that "fashionable devices" with sensing capabilities will create a market worth nearly $50 billion by 2019.
Boston-based fitness startup Whoop Inc. raised a stealthy $6 million this month from 14 unnamed investors, an SEC filing shows.